Hyosung

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Description:

Hyosung Corporation is a Korean industrial conglomerate (chaebol), founded in 1957. It operates in various fields, including the chemical industry, industrial machinery, IT, trade, and construction. It is known in Korea mostly for high-end apartments and automatic teller machines. Its CEO is S.R. Cho (조석래).

History

Hyosung takes a step forward with an endless challenging mind.Hyosung has been the major driving force of the Korean economy for last half century. The history of Hyosung as leader in a number of key industrial sectors in Korea is one of the most significant part of the path of Korea’s economic development.

2010.Completed a steel cord plant in Vietnam, Established a plant in Brazil and made an MOU, Exported gear boxes for wind power turbines to India’s Ghodawat Energy Ltd. Made a contract for the electric power business in Qatar

2009.Announced Hyosung Way, Work for the Aramid Fiber Plant completed, Work for the TAC Film Plant completed, StarLease Co., Ltd. and Hyosung Capital merged, Obtained the international certification for the 2MW/ 750kW Wind power turbine system from DEWI-OCC, Launched Hyosung Toyota, Obtained the GRS for the eco-friendly recycle yarn

2008Work for the Spandex Plant in Turkey completed, Work for the Spandex / Tire Cord Plant in Vietnam completed, Expanded the Nantong Hyosung Transformer Co., Ltd. Factory in China, Acquired...Read More